A report from S&P Global showed that U.S. business growth reached a 52-month high in August. The increase was mainly driven by a sharp rise in services activity and stronger optimism. The report also said price pressures eased. The update points to firmer business activity in the United States during the month, with the services sector acting as the main source of momentum. At the same time, easing price pressures were noted in the same report.
According to ChainCatcher, an S&P Global report showed that U.S. business growth reached a 52-month high in August, mainly driven by a surge in services activity and rising optimism.
The report also said price pressures eased.
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